Browsing: Uganda Pipeline Deal

Uganda, Total deal on UNOC's role in pipeline

The government of Uganda made a deal with Total that will guide the involvement of Uganda National Oil Company (UNOC) in the crude oil export pipeline.

According to the agreement, Uganda National Oil Company (UNOC) will hold a 15 per cent stake in the project. It also shows in detail how the National Oil Company will finance its operation and participation of the over 1,400km Uganda-Tanzania pipeline.

In a press statement issued by Total, the company said that the agreement to allow the participation of UNOC in the pipeline project was reached between President Yoweri Museveni and Patrick Pouyanne, Total’s chairman and chief executive officer.

The managing director of Total E&P Pierre Jessua, said the decision is a major milestone that will lead to the Final Investment Decision (FID) for Uganda’s oil projects in the coming months.

“We now look forward to concluding a similar HGA (Host Government Agreement) with …